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SVB on the Run
One might be forgiven for thinking that runs on a bank, and banking failures, are a thing of the Great Depression, not something you encounter in modern times. One … Read More
Silicon Valley Bank Failure and Your Evidence Based Portfolio
Since late last week, there has been a bit of market turmoil related directly to the banking sector; more specifically, that federal regulators closed the 16th largest bank in the … Read More
Which Country Will Outperform? Here’s Why It Shouldn’t Matter.
Investment opportunities exist all around the globe, but the randomness of global stock returns makes it exceedingly difficult to figure out which markets are likely to be outperformers. How should … Read More
As Much of 2022 That Fits on One Page
Market behavior is truly complex. It’s difficult, probably impossible, to establish causality between current events and day-to-day market behavior as demonstrated by this graphic. Best to avoid market timing and … Read More
Debt Ceiling Circus
It’s not easy for a financial professional to avoid feeling at least mild annoyance at the politics of raising (or not) the debt ceiling, because the whole discussion seems … Read More
Markets Don’t Wait for Official Announcements
Some investors may worry about the stock market sinking after a recession is officially announced. But history shows that markets incorporate expectations ahead of economic reports. • The global financial … Read More
The Risk in IPOs
The best time to buy a company’s stock is when you can get in on the ground floor, at the initial public offering. Right? Wrong. Very wrong. A research paper … Read More
Student Loan Update
If you have children or grandchildren who qualify for student loan forgiveness, there’s good news and bad news. The bad news is that the forgiveness effort has been temporarily blocked … Read More
I Retired During the Pandemic. Now Inflation Has Me Counting Pennies
One year into the pandemic lockdown, I retired from my job of 14 years as program coordinator and academic adviser at the University of New Mexico’s School of Engineering. I … Read More
Rewarding Recklessness: Teaching Young Investors to Take Serious Risks
Drivers’ education has to be, hands down, the most boring class in high school. In home economics (if they still have it) you get to experiment with fun desserts. … Read More